City BusinessNews, Author at City Business News

January 29, 2022 No Responses

FAAN To Expand General Aviation Terminal

As part of efforts to improve infrastructure and service delivery at the General Aviation Terminal (GAT) Lagos, the Federal Airports Authority of Nigeria (FAAN) has concluded plans to expand the Zulu wing of the terminal. In a statement on Friday,...

January 29, 2022 No Responses

Sterling & Founder Institute Fellowship Award Holds In February

Sterling Bank Plc is to organize an award in early February known as the Sterling Heart Fellowship Award, for tech founders whose businesses employ innovative solutions to tackle challenges in the HEART sectors and have been selected to partake in the...

January 29, 2022 No Responses

2021:Toyota Widens Lead On Volkswagen, Records 10.5m Sales

Japan’s Toyota Motor Corporation said on Friday its vehicle sales rose by 10.1% last year, making it the world’s biggest carmaker for a second straight year and putting it further ahead of its nearest rival, Germany’s Volkswagen. The carmaker...

January 29, 2022 No Responses

Daimler AG To Rebrand As Mercedes-Benz Group

Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday — nearly a year after the spin-off of its truck and bus division was announced — in a move its boss hopes will unlock shareholder value for the premium-car...

January 28, 2022 No Responses

Lagos Flags Off Urban Farming Scheme

As part of measures to curb food scarcity, the Lagos State Government on Thursday flagged off urban farming programme. The State Commissioner for Agriculture, Ms Abisola Olusanya, inaugurated the programme at the Lagos State Agricultural Development Auth...

January 28, 2022 No Responses

Airtel Africa Joins FTSE 100

By Moses Ebosele, ebosele@hotmail.com The London Stock Exchange, on Thursday, announced that Airtel Africa plc will be joining the FTSE100 on Monday, 31 January, 2022. AIrtel Africa in a statement explained that through its mobile teleco...

January 28, 2022 No Responses

NGX Loses N281b Amid Profit-Taking On Dangote Cement

The bears resurfaced at the nation’s bourse on Thursday as a result of profit taking in Dangote Cement and 17 other stocks. Accordingly, the All-Share Index declined by 520.76 per cent or 1.12 per cent to close at 46,009.23 from...

January 28, 2022 No Responses

Buhari Inaugurates Sokoto BUA Cement Factory

President Muhammadu Buhari on Thursday, inaugurated the Sokoto BUA cement factory and urged manufacturers to maximally utilise Federal Government’s support windows. Buhari made the call while inaugurating the new three Million Metric Tonnes of Li...

January 28, 2022 No Responses

NPA To Receive 24 Ships At Lagos Ports

Not less than 24 ships are expected at Lagos ports between January 27 and February 5, 2022, the Nigerian Ports Authority (NPA) disclosed on Thursday NPA in its publication, `Shipping Position’, explained that the ships are expected to arrive at...

January 28, 2022 No Responses

Access Bank `W’ Initiative Tasks Women Entrepreneurs On Insurance

The ‘W’ Initiative, a flagship women empowerment programme from Access Bank plc, has advised women to take advantage of the Bancassurance cover and be protected in the event of unforeseen eventualities. The Group Head of `W’ Initiative, Mrs Abiodun...

January 28, 2022 No Responses

CBN Reduces Charges On Electronic Transactions

The Central Bank of Nigeria (CBN) has announced a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs) and Non-Bank Financial Institutions. A circular by Chibuzor...